Requesting, reviewing, and contacting references is a crucial step in the tenant screening process. In the past, we have discussed how to do just that, along with some tips for how to double-check and ensure a potential tenant’s references are even real. However, while getting an outside perspective of a tenant can be helpful, it’s […]
Category Archives: Tips for Landlords
21
Oct
Oct
Thorough tenant screening of all prospective tenants is critical to the success of your rental property business. If you place the wrong tenant in your property, you could face enormous financial loss, damage, and even the collapse of your rental property business altogether. Today, we’re reviewing six red flags to look for in the tenant […]
16
Oct
Oct
As a rental property owner, you must establish a strong relationship with your tenants. There are many benefits to this, including your tenant staying a long period of time, thus saving you the time and energy of having to look for a new tenant regularly. However, there is a fine line between having a strong […]
11
Oct
Oct
One way to keep your Prince George County tenants happy is to be proactive about creating the lease agreement. Answering all the potential questions a tenant may have in the agreement itself and before the tenant asks will help you avoid possible trouble in the future. After all, you want to ensure your tenants have […]
04
Oct
Oct
One of the first things successful landlords tell anyone considering renting out a property is to always select good tenants. After all, it doesn’t take much for a bad tenant to turn your profitable investment into a money-losing nightmare. However, many federal, state, and local laws limit the ability to refuse to rent to an […]
09
Sep
Sep
Requiring your tenants to have renters insurance coverage is one of the best ways to protect yourself, your rental property, and your tenants. Unfortunately, many tenants feel that renter’s insurance is not necessary. Only around 55% of renter-occupied homes have renters insurance, compared to 88% of homeowners who have a homeowners insurance policy. Today, we’re […]
05
Sep
Sep
Finding yourself in a dispute with your tenant can be stressful. Even if you have a high-quality Washington DC property management company by your side, litigating in court should be avoided if possible. So, how can you resolve conflict between you and a tenant? There are plenty of reasons to settle a rental home dispute […]
31
Jul
Jul
If you are a landlord, you understand that sometimes the hardest part of owning rentals is dealing with tenants. After all, your tenants may be renting your property, but they have made your property their home. As such, it’s understandable that conflicts may arise occasionally. However, the biggest mistake in dealing with tenant issues is […]
30
Jul
Jul
You don’t have to search for long to find horror stories about overbearing, unfair landlords and how they mistreat their tenants. Unfortunately, it’s a common problem. However, some landlords act that way because they constantly deal with difficult tenants, tenants who never pay rent on time, and tenants who damage their property. However, regardless of […]
30
Jul
Jul
Landlords need to prioritize risk management, which simply means predicting future risks to your financial well-being and working to minimize or completely eliminate them. Fact: Landlord risk management applies not only to Howard County landlords but to landlords all over Maryland and the rest of the United States. If you don’t run your rental property […]